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IPFS News Link • Economy - Economics USA

Trade deficit soars to new record heights in 2005

2-11-2006 • Reuters

The US trade deficit skyrocketed in 2005 to a record $725.8 billion, as American companies and consumers snapped up record levels of low-priced goods from China and high-priced oil from the Middle East, a government report showed.

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Reported By Powell Gammill

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